Anatomy of a micro-finance deal : the new approach to investing in micro-finance institutions
Helms, Brigit S.
What is the best way to support a micro-finance institution (MFI) that has a track record of extending quality financial services to significant numbers of poor people on a progressively financially sustainable basis? The Consultative Group to Assist the Poorest (CGAP) Secretariat has begun to examine this question through the application of a new model for cooperation between international donors and MFIs. The new approach focuses on a business-like relationship based on mutual accountability, institutional performance, and shared risks. This note critiques the more traditional "project-oriented" strategy and then outlines the basis elements of the new institutional approach with some examples from CGAP Secretariat experience.
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